23 Facts About Statoil

Statoil is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo.

Statoil was required to discuss important issues with the Minister of Industry, later Minister of Petroleum and Energy.

Statoil was required to submit an annual report to the parliament.

Statoil built up a network of stations in part of Eastern Europe in the 1990s.

Under the agreement, Statoil became a partner on six offshore licenses, as well as expanding biofuels production.

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Petrobras and Statoil announced plans to create dozens of refineries in Brazil and the rest of the world where vegetable oil will be added to crude to create a no-sulphur fuel.

In 2007, Statoil bought a large area in the Athabasca oil sand field in Canada after purchasing North American Oil Sands Corporation for $2.

In 2009, Statoil launched the world's first operational deep-water floating large-capacity wind turbine, Hywind.

On 7 April 2010, Statoil announced finding oil and gas reserves in the Fossekall prospect just north of the Norne oil field in the Norwegian Sea.

In 2016 Statoil sold the Leismer oil sand operation in Canada to Athabasca Oil.

In June 2013, Statoil announced a funded joint venture with Petrofrontier Corp.

In 2016, Statoil acquired a $3m share of a US wind turbine leasing company.

Statoil expects oil demand to peak in the 2020s, and continually decline thereafter due to electric transportation.

In October 2017, Statoil commissioned the 30-MW Hywind Scotland floating wind farm 29 kilometres off Peterhead, Scotland.

On 15 March 2018, Statoil announced that it would change its name to Equinor following approval by the annual general meeting.

Statoil has processing plants at Kolsnes, Karstø, Mongstad, Tjeldbergodden, and Melkøya.

Statoil has offices that are looking for possible ventures in the countries of Mexico, Qatar and the United Arab Emirates.

Statoil has processing plants in Belgium, Denmark, France, and Germany.

In 2006, Statoil was given approval to implement the world's largest carbon sequestration project as a means to mitigate carbon emissions to the atmosphere.

In September 2007 Statoil acquired all Nordic Jet stations and continued to use the brand name until 2014 when the Nordic stations were rebranded to the new brand name Ingo.

In March 2011, Statoil halted work on two North Sea oil field projects and laid off thousands of people due to a £2 billion U K tax on the sector.

In June 2014, Statoil announced it had completed a 12-month exploration program of its Castberg license project in the Arctic and found less-than-expected oil reserves.

Statoil was an official sponsor of the 2011 FIS Nordic World Ski Championships that was held in Oslo.